Sprott Resource Corp. announces extension of voting period for warrant exercise program
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THE UNITED STATES/
TORONTO, June 16 - (TSX:SCP) - Sprott Resource Corp. ("SRC")
announced today that it is extending the voting period for shareholders and
warrantholders in respect of its previously announced warrant incentive
program (the "Warrant Incentive Program") until June 23, 2008 (see May 13,
2008 press release for details on the Warrant Incentive Program). Proxies
tabulated to date indicate shareholders and warrantholders who have voted to
date are overwhelmingly in favour of the Warrant Incentive Program.
SRC has extended the voting period in respect of its Warrant Incentive
Program to encourage the early exercise of warrants issued in September of
2007, of which there were 39,920,000 outstanding as at May 15, 2008. The early
exercise of the outstanding warrants will provide capital to acquire
additional interests in natural resource properties and assets.
SRC shareholders, warrantholders and brokers who have not voted
and require assistance should contact:
Kingsdale Shareholder Services Inc.
Toll-free 1-800-775-1986.
A copy of the offering documents may be obtained from Kingsdale
Shareholder Services, the Information Agent for the offering. The Warrant
Incentive Program is subject to shareholder, warrantholder and regulatory
approval.
SRC will issue a press release and notify shareholders and warrantholders
when all requisite approvals have been obtained. In addition, SRC will deliver
instructions to warrantholders on exercising their warrants following the
approval of the Warrant Incentive Program.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any securities, nor shall there be any sale of
the securities in any state or other jurisdiction in which such offer,
solicitation or sale would be unlawful.
About Sprott Resource Corp.
SRC is a Canadian based company, the primary purpose of which is to
invest, directly and indirectly, in natural resources. Through acquisitions,
joint ventures and other investments, SRC seeks to provide its shareholders
with exposure to the natural resource sector for the purposes of capital
appreciation and real wealth preservation. SRC is well positioned to draw upon
the considerable experience and expertise of both its Board of Directors and
Sprott Consulting Limited Partnership (SCLP), of which Sprott Asset Management
Inc. is the sole limited partner. Pursuant to a management services agreement
between SCLP and SRC, SCLP provides day-to-day business management for SRC as
well as other management and administrative services.
Forward-Looking Statements
Certain statements regarding SRC, including management's assessment of
future plans, may constitute forward-looking statements under applicable
securities laws and necessarily involve risk. SRC's actual results or
achievements could differ materially from those expressed in, or implied by,
the forward-looking statements. No assurance can be given that any events
anticipated by the forward-looking statements will occur. These
forward-looking statements, which are based on management's current
expectations, are made as at the date of this news release. SRC does not
undertake any obligation to publicly update or revise any of these
forward-looking statements, except as required by applicable securities laws.
For further information: Kevin Bambrough, President and CEO, Tel: (416)
977-7333, Fax: (416) 977-9555
To update your contact information or to be removed from this dissemination list, please e-mail pressreleases6@equicomgroup.com.
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Sprott Resources Corp.
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EXPLORATION STAGE |
CODE : SCP.TO |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Sprott Resources is based in Canada. Sprott Resources holds various exploration projects in Chile. Its main exploration properties are GOLD COIN, PRODUCTORA, DRAGOON - NEW MEXICO and MONITOR in Chile. Sprott Resources is listed in Canada. Its market capitalisation is CA$ 58.0 millions as of today (US$ 44.3 millions, € 41.6 millions). Its stock quote reached its highest recent level on October 25, 1996 at CA$ 96.38, and its lowest recent point on January 29, 2016 at CA$ 0.36. Sprott Resources has 96 670 000 shares outstanding. |